Usury Rate
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Usury Rate

The highest, legal interest rate on a financial instrument in a jurisdiction. In 1978, the U.S. Supreme Court held that a company may charge up to the usury rate in the state in which it is registered, regardless of where the borrower lives. As a result, many American credit card companies are registered in South Dakota, which has loose restrictions.

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Usury Rate (redirected from Usury Rates)

Usury Rate
(redirected from Usury Rates)